SPX is correcting its break-out phase from 3434 to 3646. How much of a correction and for how long will depend on whether it can remain above the 3512 pull-back or not. Odds appear to favor a deeper correction at this time.
Gold Editorials & Commentary
Gold-Eagle gold and precious metal news, market analysis and editorials from world renowned gold analysts and market experts. Stay informed with the latest news and analyses on gold prices and perspectives on the economy to guide your investing decisions.
November 22, 2020
On Monday November 16th, the Dow Jones made its first BEV Zero in the Bear’s Eye View Chart below since last February, but fell short of taking out 30K by about fifty points. With four days left in the trading week, one could be forgiven to assume on Monday night...
November 21, 2020
As I peruse my favourite website in search of technical patterns for various commodities and stocks, I am reminded of the soon-to-be-immortal words of former stock salesman and current Fed Chairman, Jerome Powell where he announced a major shift in policy related to...
Our proprietary cycle indicator reverses down this week. Gold sector remains on long-term buy at the end of October.
November 20, 2020
My researchers and I want to highlight a Weekly chart pattern that is warning of a potential Top/Reversal in the SPY & SPX. Although the current trend is Bullish and the markets are looking forward to the new year, new policies, and probably new stimulus which...
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
The year 2020 will be remembered for many things, not many of them good. However, we will also recall 2020 as the year the LBMA/COMEX consortium nearly failed, and then since that event in late March, it has also been the year when the CME Group, in a desperate...
The mid-tier gold miners’ stocks are in this sector’s sweet spot for upside potential. After a spectacular run since March’s stock panic, they have been correcting since early August. That is doing its necessary work of rebalancing sentiment, paving the way for the...
In this 12-minute MAM Chat, Egon von Greyerz and Matthew Piepenburg discuss the current and popular topic of an eventual “return to normal” once COVID conditions are eventually behind us, ideally upon the attainment of an effective vaccine/treatment protocol.
This article takes a tilt at increasing speculation about statist global resets, and why plans such as those promoted by the World Economic Forum will fail. Central bank digital currencies will simply run out of time.
November 19, 2020
All in all, with risks of higher taxes, healthcare spending, technology regulation, climate change and a festering Trumpian Republican party, America’s reputation is taking a battering. Adding to this concern is that while inflation would be welcomed because it...
It was only after he entered politics that President Donald Trump began to fully grasp the bias, dishonesty, and fakeness that runs throughout the so-called mainstream media.
Yesterday we focused on the fact that for the first time since January 2020 the 50-day moving average in gold futures crossed beneath the 100-day moving average. This death cross suggests that there might be a pause in the current gold rally. It is more evidence...
The 100-day and 50-day moving averages for gold have just crossed following months of a consistent differential, and this pattern is indicative of a "sharp drop" down in the gold price, said Gary Wagner, editor of the GoldForecast.com.
As of last week, the Federal Reserve now owns 16.5% of the total amount of Treasuries outstanding and 18.5% of the total amount of mortgage-backed bonds outstanding. Without this massive amount of Fed intervention, interest rates would be significantly higher and...
November 18, 2020
News From Future October 2024: The Federal Reserve sold another $200 billion in perpetual bonds this week. These “Perps,” as the media refers to them, have no expiration date and pay interest forever, or until recalled.
Investors need to remain agile in how they invest their money as markets have shown a tendency to move sharply in one direction. The most recent example of a sudden movement was Nov. 10’s global stock market surge in reaction to an encouraging COVID-19 vaccine...
I have never seen a clearer picture for preserving and enhancing wealth than today. More on that at the end of this article. There are no real markets. Financial markets are a casino with wild players buying and selling paper assets as if they were chips. We just...
Even with gold and silver prices off their highs of the year, the mining companies are still making a lot of money at current levels.
November 17, 2020
Analyzing historical patterns is critical to understanding and gaining insight into possible outcomes for precious metals, or anything else for that matter. As the U.S. prepares to celebrate Thanksgiving on November 26th, it would be prudent to examine the course...
Over the past few decades, the decline of the fiat-oriented American empire has been accelerating. The nation now looks a bit like an aging boxer who has become more of a punching bag than a fighter.
Bailouts and stimulus are not the best solution to the Covid pandemic. What is? Possibly…insurance. I know it's far from perfect, but I think it could still be the best overall option. On some level, it's surprising that the role of insurance has gotten so little...
I have read one article after another calling this market delusional, wrong, crazy, impossible, dangerous, a bubble, etc. And what is common amongst all these articles is that none of the authors expected the market to rise this high. Moreover, they all point to...
Gold Stocks remain in a correction, even if the October 29 lows continue to hold into December. Corrections are a function of price and time, and often in this sector, a correction can continue in terms of time, well after a low in price is made. But I digress.
November 16, 2020
On a higher timeframe basis: I cautioned on 8/16/18 the break back above $1,179.7-$1,183.7 warned of renewed strength. We have seen $905.5 of this. The break above $1,347.0 projected this upward $80 minimum, $320 (+) maximum. We have attained $744.2 of this. The...
In Part I of this research article I highlighted the incredible rally in Gold related to a 2020 Anchor point and how that rally in Gold compared to the QQQ and SPY. In this second Part I am going to highlight the price appreciation in the QQQ and SPY in comparison...
The gold market is again seeing some selling pressure following more positive news on another potential vaccine for the COVID-19 virus. However, the damage in the precious metals market has been limited compared to last week's massive selloff.
Evolution is often defined as “survival of the fittest”. Those who are better able to exploit opportunities offered by the circumstances in which the live, better at the process of adapting to changes and trends in their environments, even modifying their...
SPX made in intermediate low on 10/30 and is resuming its uptrend. This move is expected to carry to about 4150 before the next intermediate correction takes place.
November 15, 2020
Last week's trading saw gold forming its high in Monday's session, here doing with the spike up to the 1966.10 figure. From there, a sharp decline was seen into later that same day, with the metal dropping all the way down to a low of 1848.00 - before spending the...